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BXP, Inc.（BXP）与Star Holdings（STHO）财务数据对比。点击上方公司名可切换其他公司
BXP, Inc.的季度营收约是Star Holdings的34.6倍（$877.1M vs $25.4M）。BXP, Inc.净利率更高（28.3% vs -75.5%，领先103.8%）。BXP, Inc.同比增速更快（2.2% vs -22.6%）。过去两年BXP, Inc.的营收复合增速更高（2.2% vs -0.2%）
BXP是美国头部商业地产投资信托企业，核心业务为持有、运营及开发A级高端写字楼资产，项目覆盖纽约、波士顿、旧金山等美国核心都市圈，服务企业、科技、专业服务等领域的多元租户。
蓝星有限公司是一家印度跨国家电企业，总部位于孟买，主营空调、商用制冷以及机电工程业务，是印度本土市场规模第二大的空调领域本土企业。
BXP vs STHO — 直观对比
营收规模更大
BXP
是对方的34.6倍
$25.4M
营收增速更快
BXP
高出24.8%
-22.6%
净利率更高
BXP
高出103.8%
-75.5%
两年增速更快
BXP
近两年复合增速
-0.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $877.1M | $25.4M |
| 净利润 | $248.4M | $-19.1M |
| 毛利率 | 58.8% | — |
| 营业利润率 | — | -91.7% |
| 净利率 | 28.3% | -75.5% |
| 营收同比 | 2.2% | -22.6% |
| 净利润同比 | 208.5% | 81.3% |
| 每股收益（稀释后） | $1.56 | $-1.52 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BXPSTHO
| Q4 25 | $877.1M | $25.4M | ||
| Q3 25 | $871.5M | $28.1M | ||
| Q2 25 | $868.5M | $42.1M | ||
| Q1 25 | $865.2M | $14.6M | ||
| Q4 24 | $858.6M | $32.8M | ||
| Q3 24 | $859.2M | $24.6M | ||
| Q2 24 | $850.5M | $30.6M | ||
| Q1 24 | $839.4M | $25.4M |
净利润BXPSTHO
| Q4 25 | $248.4M | $-19.1M | ||
| Q3 25 | $-121.7M | $1.8M | ||
| Q2 25 | $89.0M | $-39.3M | ||
| Q1 25 | $61.2M | $-7.6M | ||
| Q4 24 | $-228.9M | $-102.6M | ||
| Q3 24 | $83.6M | $91.9M | ||
| Q2 24 | $79.6M | $-27.1M | ||
| Q1 24 | $79.9M | $-49.0M |
毛利率BXPSTHO
| Q4 25 | 58.8% | — | ||
| Q3 25 | 59.3% | — | ||
| Q2 25 | 59.2% | — | ||
| Q1 25 | 59.2% | — | ||
| Q4 24 | 59.7% | — | ||
| Q3 24 | 59.5% | — | ||
| Q2 24 | 59.8% | — | ||
| Q1 24 | 60.6% | — |
营业利润率BXPSTHO
| Q4 25 | — | -91.7% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | -94.5% | ||
| Q1 25 | — | -55.0% | ||
| Q4 24 | — | -314.1% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -91.5% | ||
| Q1 24 | — | -192.6% |
净利率BXPSTHO
| Q4 25 | 28.3% | -75.5% | ||
| Q3 25 | -14.0% | 6.4% | ||
| Q2 25 | 10.2% | -93.5% | ||
| Q1 25 | 7.1% | -52.0% | ||
| Q4 24 | -26.7% | -313.1% | ||
| Q3 24 | 9.7% | 374.3% | ||
| Q2 24 | 9.4% | -88.8% | ||
| Q1 24 | 9.5% | -192.6% |
每股收益（稀释后）BXPSTHO
| Q4 25 | $1.56 | $-1.52 | ||
| Q3 25 | $-0.77 | $0.14 | ||
| Q2 25 | $0.56 | $-2.95 | ||
| Q1 25 | $0.39 | $-0.57 | ||
| Q4 24 | $-1.46 | $-7.69 | ||
| Q3 24 | $0.53 | $6.90 | ||
| Q2 24 | $0.51 | $-2.04 | ||
| Q1 24 | $0.51 | $-3.68 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.5B | $50.1M |
| 总债务越低越好 | — | $268.7M |
| 股东权益账面价值 | $5.1B | $251.8M |
| 总资产 | $26.2B | $570.2M |
| 负债/权益比越低杠杆越低 | — | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资BXPSTHO
| Q4 25 | $1.5B | $50.1M | ||
| Q3 25 | $861.1M | $40.6M | ||
| Q2 25 | $447.0M | $44.2M | ||
| Q1 25 | $398.1M | $30.3M | ||
| Q4 24 | $1.3B | $35.0M | ||
| Q3 24 | $1.4B | $45.0M | ||
| Q2 24 | $685.4M | $48.3M | ||
| Q1 24 | $701.7M | $45.7M |
总债务BXPSTHO
| Q4 25 | — | $268.7M | ||
| Q3 25 | — | $259.3M | ||
| Q2 25 | — | $245.4M | ||
| Q1 25 | — | $231.5M | ||
| Q4 24 | — | $217.3M | ||
| Q3 24 | — | $201.2M | ||
| Q2 24 | — | $197.2M | ||
| Q1 24 | — | $195.0M |
股东权益BXPSTHO
| Q4 25 | $5.1B | $251.8M | ||
| Q3 25 | $5.0B | $275.4M | ||
| Q2 25 | $5.3B | $276.1M | ||
| Q1 25 | $5.3B | $316.1M | ||
| Q4 24 | $5.4B | $324.3M | ||
| Q3 24 | $5.8B | $427.5M | ||
| Q2 24 | $5.8B | $335.3M | ||
| Q1 24 | $5.9B | $362.4M |
总资产BXPSTHO
| Q4 25 | $26.2B | $570.2M | ||
| Q3 25 | $26.0B | $595.9M | ||
| Q2 25 | $25.6B | $589.9M | ||
| Q1 25 | $25.4B | $618.2M | ||
| Q4 24 | $26.1B | $608.7M | ||
| Q3 24 | $26.4B | $696.5M | ||
| Q2 24 | $25.5B | $601.0M | ||
| Q1 24 | $25.5B | $622.9M |
负债/权益比BXPSTHO
| Q4 25 | — | 1.07× | ||
| Q3 25 | — | 0.94× | ||
| Q2 25 | — | 0.89× | ||
| Q1 25 | — | 0.73× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.59× | ||
| Q1 24 | — | 0.54× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $407.8M | $-8.0M |
| 自由现金流经营现金流 - 资本支出 | $362.7M | — |
| 自由现金流率自由现金流/营收 | 41.4% | — |
| 资本支出强度资本支出/营收 | 5.1% | — |
| 现金转化率经营现金流/净利润 | 1.64× | — |
| 过去12个月自由现金流最近4个季度 | $1.0B | — |
8季度趋势，按日历期对齐
经营现金流BXPSTHO
| Q4 25 | $407.8M | $-8.0M | ||
| Q3 25 | $274.2M | $5.3M | ||
| Q2 25 | $353.1M | $-2.6M | ||
| Q1 25 | $210.0M | $-6.3M | ||
| Q4 24 | $383.7M | $-6.9M | ||
| Q3 24 | $286.1M | $-3.8M | ||
| Q2 24 | $367.1M | $-6.4M | ||
| Q1 24 | $197.6M | $-14.2M |
自由现金流BXPSTHO
| Q4 25 | $362.7M | — | ||
| Q3 25 | $231.6M | — | ||
| Q2 25 | $281.5M | — | ||
| Q1 25 | $152.6M | — | ||
| Q4 24 | $312.5M | — | ||
| Q3 24 | $234.5M | — | ||
| Q2 24 | $332.4M | — | ||
| Q1 24 | $165.5M | — |
自由现金流率BXPSTHO
| Q4 25 | 41.4% | — | ||
| Q3 25 | 26.6% | — | ||
| Q2 25 | 32.4% | — | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 27.3% | — | ||
| Q2 24 | 39.1% | — | ||
| Q1 24 | 19.7% | — |
资本支出强度BXPSTHO
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 8.2% | — | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 4.1% | — | ||
| Q1 24 | 3.8% | — |
现金转化率BXPSTHO
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | -0.04× | ||
| Q2 24 | 4.61× | — | ||
| Q1 24 | 2.47× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
BXP
暂无分部数据
STHO
| Land Development | $13.0M | 51% |
| Other Income Revenue | $9.3M | 37% |
| Operating Lease Income | $2.0M | 8% |
| Interest Income Revenue | $1.2M | 5% |
